Aurum PropTech Limited has reported a significant milestone in its financial journey, achieving its first profitable quarter on an adjusted EBITDA basis for Q2 FY2026. The company's performance highlights its focus on operational excellence and strategic growth initiatives in the PropTech sector.

Financial Highlights

• Revenue grew by 30% year-on-year to Rs. 82.50 crores
• Adjusted EBITDA margin improved by 700 basis points, from -4% to +3% compared to the same quarter last year
• Loss before tax improved to Rs. 6.96 crores from Rs. 12.07 crores in the corresponding quarter last year

Segment Performance

The rental business, which includes brands like HelloWorld and NestAway, has reached a significant milestone of Rs. 200 crores Annual Recurring Revenue (ARR). This segment continues to be the primary revenue driver for the company.

Strategic Developments

PropTiger Acquisition

Aurum PropTech completed the acquisition of 100% equity in PropTiger Marketing Services for Rs. 86.45 crores through an equity share swap. This strategic move has resulted in REA Group becoming a 5.5% shareholder in Aurum PropTech.

International Expansion

The company launched "Nestr" operations in Dubai during Q2 FY2026, marking its first international foray into the Middle East rental ecosystem.

Technology Integration

Aurum Analytica, part of the distribution segment, has introduced a new recommendation engine for leads, which is expected to increase the price per lead and improve client retention.

Future Outlook

Aurum PropTech has set a target of achieving Rs. 500 crores ARR across all verticals by Q4 FY2026. The company's management expressed confidence in maintaining its growth trajectory, citing consistent delivery of approximately 35% growth over the past four years.

Mr. Ashish Deora, Founder & CEO of Aurum Ventures and Director of Aurum PropTech, commented on the results, stating, "Q2 FY '25-26 is our first profitable quarter on adjusted EBITDA basis. This is due to our focus on relentless execution, unit economics, financial discipline, and unwavering pursuit of profitable growth."

As Aurum PropTech continues to expand its integrated PropTech ecosystem across rentals, distribution, and capital verticals, investors will be watching closely to see if the company can maintain its growth momentum while improving profitability metrics in the coming quarters.

In a notable shift in India's real estate landscape, southern cities have emerged as the driving force behind housing sales growth, even as the national market experiences a slight downturn.

Southern Cities Lead the Charge

The housing markets in Hyderabad, Bengaluru, and Chennai have shown remarkable resilience and growth, collectively registering a 47% increase in sales during the July-September period. Here's a breakdown of the performance:

This surge in southern markets stands in stark contrast to the overall trend observed across India's top eight housing markets.

National Market Faces Headwinds

Despite the strong performance in the south, the national housing market experienced a marginal decline:

The overall dip can be attributed to decreased demand in key markets:

Mixed Performance in Other Markets

While southern cities led the growth and major markets declined, other cities showed mixed results:

Factors Influencing the Market

Aurum PropTech , which recently acquired PropTiger, highlighted several factors affecting the real estate market:

• Stable interest rates
• Policy reforms, including GST reduction on cement
• Affordability challenges in mid and entry-level segments

The contrasting performance across different regions underscores the complex and dynamic nature of India's real estate market. While southern cities are experiencing a boom, other major markets are facing challenges, resulting in a slightly negative overall trend nationally.